Our " just when it must happen" rally above 7400 last Wednesday gives a bit more optimism for a breakout before Christmas. A rally before Xmas would go a long ways towards renewing interest in BTC with retail investors, which frankly is understandably flagging.
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Yep.
During Thanksgiving I asked a few family and friends about bitcoin and every single one of them was overwhelmingly negative about it and didn't want to buy any more. Retail was burned badly and haven't gotten excited about it again much at all, yet.
You know when you've been the bag holder since "buy now as this may be your last chance in like forever to by BTC under 9K (then under 10K and then under 11K....) last summer, its pretty hard to get motivated to get out the checkbook again even though now might be a good time to do just that.
Yep, I don't blame em, it's just the sentiment out there with most retail.
Yep, I don't blame em,
It's just the sentiment out
There with most retail.
- jrcornel
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